Search Legislation

Advanced Search

Loan Societies Act 1840

Help about what version

What Version

  • Latest available (Revised)
  • Original (As enacted)

Status:

This is the original version (as it was originally enacted). This item of legislation is currently only available in its original format.

(E.)

No. of Scheme.Amount of Weekly Instalment.Day on or after which the First Instalment is payable, reckoning the Day after the Loan as the First.Sum which may be taken by way of Interest at the Time of advancing the Loan.
In these Schemes all Instalments after the first are to be paid weekly.
Other Schemes may be formed from these by advancing or postponing the Day of Payment of the first Instalment, provided that the first Payment is not made sooner than the Eleventh Day, and that not more than One Penny per Pound is added to the Interest for every Thirteen Days of such Postponement, or that not less than One Penny per Pound is taken off the Interest for every Thirteen Days of such Advance.
Thus: Scheme 6. may be altered by making the first Instalment payable on the Twenty-second Day after the Loan, and taking Seven-pence per Pound for Interest, and so of the rest.
1.Two Shillings per Five Pounds.EleventhSix Shillings per Five Pounds.
2.Sixpence per PoundSixteenthTwelve-pence per Pound.
3.Eight-pence per PoundTwenty-firstTen-pence per Pound.
4.Four Shillings per Five Pounds.Thirty-eighthFour Shillings per Five Pounds.
5.Ten-pence per PoundTwenty-firstEight-pence per Pound.
6.One Shilling per PoundThirty-fifthEight-pence per Pound.
7.Two Shillings per PoundSeventiethEight-pence per Pound.
8.Two Shillings and Sixpence per Pound.Seventy-seventhEight-pence per Pound.
9.Four Shillings per PoundSixty-secondSixpence per Pound.
10.Five Shillings per PoundSixty-sixthSixpence per Pound.
11.Ten Shillings per PoundSeventy-thirdSixpence per Pound.
12.Twenty Shillings per PoundSeventy-sixthSixpence per Pound.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources